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MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $9.05B
1-Year Est. Return 13.04%
This Fund
S&P 500
This Quarter Est. Return
+15.07%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.5B
AUM Growth
-$189M
Cap. Flow
-$393M
Cap. Flow %
-26.17%
Top 10 Hldgs %
7.14%
Holding
1,714
New
39
Increased
483
Reduced
919
Closed
31

Top Buys

Rank Stock Value
1
WES icon
Western Midstream Partners
WES
+$6.71M
2
ENLC
ENLINK MIDSTREAM, LLC
ENLC
+$6.31M
3
AM icon
Antero Midstream
AM
+$6.08M
4
CEQP
Crestwood Equity Partners LP
CEQP
+$1.53M
5
DCP
DCP Midstream, LP
DCP
+$1.51M

Top Sells

Rank Stock Value
1
ENB icon
Enbridge
ENB
+$12.5M
2
MSFT icon
Microsoft
MSFT
+$11M
3
AAPL icon
Apple
AAPL
+$10.6M
4
AMZN icon
Amazon
AMZN
+$9.05M
5
WES
Western Gas Partners Lp
WES
+$5.68M

Sector Composition

Rank Sector Weight
1 Financials 14.21%
2 Energy 13.82%
3 Technology 13.12%
4 Industrials 13.11%
5 Consumer Discretionary 10.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WEN icon
726
Wendy's
WEN
$1.65B
$610K 0.04%
34,100
-10,900
-24% -$185K
EFOR
727
Everforth Inc
EFOR
$1.37B
$608K 0.04%
9,570
-3,010
-24% -$188K
FTNT icon
728
Fortinet
FTNT
$121B
$608K 0.04%
36,200
-9,450
-21% -$151K
ECL icon
729
Ecolab
ECL
$77.4B
$607K 0.04%
3,440
-3,440
-50% -$559K
WDC icon
730
Western Digital
WDC
$168B
$607K 0.04%
16,712
-5,160
-24% -$177K
TOWR
731
DELISTED
Tower International, Inc.
TOWR
$607K 0.04%
28,850
– –
PARA
732
DELISTED
Paramount Global Class B
PARA
$605K 0.04%
12,740
-4,870
-28% -$237K
SEDG icon
733
SolarEdge
SEDG
$1.98B
$605K 0.04%
16,070
+690
+4% +$27.6K
TVPT
734
DELISTED
Travelport Worldwide Limited
TVPT
$605K 0.04%
38,460
+1,960
+5% +$30.8K
DHI icon
735
D.R. Horton
DHI
$41.9B
$604K 0.04%
14,610
-4,500
-24% -$176K
ESE icon
736
ESCO Technologies
ESE
$7.79B
$604K 0.04%
9,010
+110
+1% +$7.37K
LPX icon
737
Louisiana-Pacific
LPX
$5.18B
$604K 0.04%
24,760
-9,260
-27% -$226K
GCI
738
DELISTED
Gannett Co., Inc
GCI
$604K 0.04%
57,270
+970
+2% +$10.5K
EXLS icon
739
EXL Service
EXLS
$5.36B
$603K 0.04%
50,200
+600
+1% +$7.04K
POWI icon
740
Power Integrations
POWI
$3.48B
$601K 0.04%
17,200
+180
+1% +$6.12K
BOH icon
741
Bank of Hawaii
BOH
$3.15B
$600K 0.04%
7,610
-2,490
-25% -$195K
BSRR icon
742
Sierra Bancorp
BSRR
$532M
$600K 0.04%
24,680
– –
OSBC icon
743
Old Second Bancorp
OSBC
$1.31B
$600K 0.04%
47,650
– –
R icon
744
Ryder
R
$10.1B
$600K 0.04%
9,680
-3,080
-24% -$180K
THO icon
745
Thor Industries
THO
$4.11B
$597K 0.04%
9,570
-2,460
-20% -$156K
DBI icon
746
Designer Brands
DBI
$312M
$596K 0.04%
26,810
+7,080
+36% +$185K
FCPT icon
747
Four Corners Property Trust
FCPT
$2.76B
$595K 0.04%
20,096
+760
+4% +$21K
EVTC icon
748
Evertec
EVTC
$1.91B
$593K 0.04%
21,320
+240
+1% +$6.79K
CHK
749
DELISTED
Chesapeake Energy Corporation
CHK
$590K 0.04%
951
-145
-13% -$81.2K
BFH icon
750
Bread Financial
BFH
$4.51B
$589K 0.04%
4,223
-776
-16% -$106K
28 29
30
31 32

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's Q1 2019 Portfolio in Review

As of Q1 2019, Municipal Employees' Retirement System of Michigan held 1,714 positions worth $1.5B, down 11% from $1.69B the previous quarter. Its ten largest holdings account for 7.1% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $393M in Q1 2019, closing 31 positions and reducing 919 holdings. Its most notable exit was Enbridge, an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 15% a quarter earlier, followed by Energy and Technology.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Western Midstream Partners worth $6.63M.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2019 buy was Western Midstream Partners: 211,319 shares worth $6.63M.
  • Municipal Employees' Retirement System of Michigan added most to Crestwood Equity Partners LP in Q1 2019, an estimated $1.53M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2019 reduction was Microsoft, cutting an estimated $11M.
  • Municipal Employees' Retirement System of Michigan fully exited Enbridge in Q1 2019, selling an estimated $12.5M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.1% of its $1.5B portfolio in Q1 2019.
  • Municipal Employees' Retirement System of Michigan opened 39 new positions and closed 31 in Q1 2019.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 11% quarter-over-quarter to $1.5B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2019, filed 15 May 2019.